Orlando short sale closed with Wells Fargo
Published On: February 17, 2011 Posted by: TownsRealty
I am proud to announce that yet another one of my Orlando short sale listings has closed with Wells Fargo.
The seller had paid $193,000 for this home in 2005. The value of the home dropped more than 60% over the past 6 years.
We got an offer on the home at $79,900 and the seller’s lender counter offered at $83,500. Counter offer was accepted by the buyer and approval of the short sale was issued within 45 days of the contract. Buyer was able to close 60 days after the approval.
Seller was forgiven the remaining balance of the loan and was very happy with the short sale outcome.
So you see the secret to successfully closing short sales is to never give up and do your due diligence on the file.
Success is due to persistence, knowledge and commitment to your clients.
Now, on to the next successful short sale closing…stay tuned